Ample Hills Creamery, which operates 14 locations, including one at Disney's Boardwalk, has filed for Chapter 11 bankruptcy.
The ice cream maker based in Brooklyn, New York, has said that the bankruptcy filing is part of "the necessary steps to preserve and ultimately bring Ample Hills into its next phase" in a move that "allows us to restructure and refocus."
The company points to setbacks in the building of a new factory, including both legal and construction, that pushed back the opening by a year and a half. This lead to cost overruns and impacted their expansion strategy.
Aside from a shop in Los Angeles that closed in January, there are no plans to close any of the other Ample Hills locations.
Source: The Real Deal